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Jan 17, 2013
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it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all on oprah, including he is manti te'o's girlfriend. how much of a hit will the armstrong brand take? stay with us. lance. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. omnipotent of opportunity. you know how to mix business... with business. and you...re
it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit....
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Jan 15, 2013
01/13
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i bet that this is one of these moments where the world economies are going to be better. i say that because it is the same batehavior i've seen over d over and over again. they are days to buy, not sell. in order to get into this bull market, here is the bottom line, i think this market is simply taking a snooze after a big bull run. but wakes itself up perhaps with my clock and if history serves me right, they go higher not lower and it is turned out that their evaluations ended up being catalysts galore. bob in florida, bob >> it is fwrat to tais great to. south florida by way of teaneck, new jersey. i'm calling about krispy kreme donuts. i sold it and forgot about it and now it seems like they reinvented themselves. the stock is up 70% since mid november and still trading. even talk about take over. >> i believe there is a turn going on. it has been ages since i looked at it. the last time i looked at it i chipped my tooth. i will do more work on it and see where this one can stop. nobody does know. robert in massachusetts, robert. >> booyah jim, hail from massachusett
i bet that this is one of these moments where the world economies are going to be better. i say that because it is the same batehavior i've seen over d over and over again. they are days to buy, not sell. in order to get into this bull market, here is the bottom line, i think this market is simply taking a snooze after a big bull run. but wakes itself up perhaps with my clock and if history serves me right, they go higher not lower and it is turned out that their evaluations ended up being...
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Jan 16, 2013
01/13
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how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully will build a facility that will take the ethonol and take ethanes they are paying around $80,000. the average workforce is $47,000. >> why is the governor still waiting? >> i know what is going on. i know there are a number of people that used to be opposed to it. a lot of them have changed here. but there are a certain group that are opposed to it. but i remind many people we follow it closely and it is a technology that has been u
how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow....
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Jan 18, 2013
01/13
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economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as can you see on the the impending so-called sequestering, which i believe kicks in sometime in the next six weeks or so. and then in late march, on the idea that the government will run out of money. there will be no authorization to spend anything more and the government could functionally shut down. is that involved here at all? >> not in a formal sense. but of course all of this is linked together, what the spending plans are to come up with cuts to avoid the budget sequester which neither party wants because it affects it in is indis
economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as...
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Jan 14, 2013
01/13
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fuel economy, cafe, and people's driving habits. more conscious fuel economy. we see a small growing small car segment. as p gr as /* people want the functionality that shows their personality and we believe this does that. >> is the bounce back, as far as recovering from the economy and u.s. sales. >> i think the playing field is level. we are starting the year with good inventory. same time last year we didn't have good inventory. this year it is a level play be field. we think we have tail wind as an industry going into the year. age of the car fleet. 11 plus years. all of those things. we think everybody is breaking great new product to market. we think that will stimulate as well. >> you are in california. you are seeing sales way above the national average in terms of increases there. does that pretend that rest of the country follows in 2013-14. >> historically we looked to the coast, california and new york, as bell weathers for the rest of the nation. if that pattern stays true, yes, we think that that result could come across the u.s. and we could get
fuel economy, cafe, and people's driving habits. more conscious fuel economy. we see a small growing small car segment. as p gr as /* people want the functionality that shows their personality and we believe this does that. >> is the bounce back, as far as recovering from the economy and u.s. sales. >> i think the playing field is level. we are starting the year with good inventory. same time last year we didn't have good inventory. this year it is a level play be field. we think we...
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Jan 17, 2013
01/13
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how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough quarter. john has three important numbers in this report. what are those three? >> with $13.6 mill billion, plus or minus a half billion. and so here are my three numberes. one, pc client group revenues. intel had 8.6 million in revenue. that group overall, expecting to be a little higher in q4 and that has to come from pcs or servers. pc sales are down 4.9% from last year. if that's right, you got to hope servers deliver big for intel. two full year gross margin guidance, with capex spending and particularly important now because of how demand shifts in the pc market. his intel plans running below capa
how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough...
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Jan 17, 2013
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there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer balance sheets. even though the debt hasn't come down that much because interest rates are so low, the interest carries. the debt service is back to 1998 or 1990 so there's great capacity to invest, to hire, to grow, to buy things, but this uncertainty thing puts a real cloud on things otherwise people would do. they are putting them in abeyance. >> i'm going to get back to that. a real issue. want to get your take on solutions, but you mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income.
there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown...
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Jan 17, 2013
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we've been talking about a sluggish economy. it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're offering? >> you know, we've got long relationships now, we're about five years old, with many of the top brands, and they realize this is a great way for them to sell excess inventory and everyone has excess inventory because these are event-based sales. they're quick. and consumers love them. >> i've seen you run out of stock quickly on these things. buy it now or it's gone type of situation. >> yep. >> is it a difficult environment for luxury right now? is that a fair estimation? >> our sector has had a fantastic holida
we've been talking about a sluggish economy. it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how...
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Jan 17, 2013
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you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing in japan and the japanese stock market starting to reflect that, you're -- you know, you have the japanese government trying to really reboot that economy. you're seeing the chinese government and the new leadership trying to reboot their economy, so, if any, you're going to see probably an accelerated economy n.parts of the world i still think we'll have structural problems in europe and all the uncertainty about the united states so i don't believe it's going to be as bad as it sounds. the u.s. certainly may, but i actually think what's going
you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing...
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Jan 18, 2013
01/13
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Jan 18, 2013
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they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if th
they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years...
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Jan 19, 2013
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economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying to push it there. those people, i think include key leaders in the party, like the house republican leaders this week who are trying to talk their members down from the ledge. they include folks like david brooks who in saying that republicans look deeply unreasonable, they are telling republicans you are being unreasonable. you need to move to the center. the structure of their argument a bit weird, but they're pushing in the right direction. for the republican party to fix itself will require a painful process, in which insane voices stare up and stare d
economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. this country needs and deserves a better republican party. and there are a lot of people in the republican right now who want a better republican party who are trying...
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Jan 18, 2013
01/13
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president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing
president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing...
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Jan 16, 2013
01/13
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we'll get an indication of where the economy is going and where it's been. volatility, people also watching apple k. it regain $500, that's been, you know, a lot of chatter here and there. and then on the equities side, 1471.25 on s&p futures the high back a few days ago. if we could break through the level, you will see increased fund flows, more money coming to the market to the long side. and it seems like, you know, i'm really -- surprised because the debt ceiling concern and talks, it's been pretty much nonexistent on the industrial -- >> the markets at fresh five-year highs. >> yeah. it's all because we had the fiscal cliff. and it was so volatile coming into it. we saw some massive swings and massive breakdowns coming into it. it seemed like the market was all over the place. with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if th
we'll get an indication of where the economy is going and where it's been. volatility, people also watching apple k. it regain $500, that's been, you know, a lot of chatter here and there. and then on the equities side, 1471.25 on s&p futures the high back a few days ago. if we could break through the level, you will see increased fund flows, more money coming to the market to the long side. and it seems like, you know, i'm really -- surprised because the debt ceiling concern and talks,...
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Jan 18, 2013
01/13
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and they're going to be reflective of a loan environment that's commensurate with a 2% to 3% growth economy. given that we think we'll get our fair share, we'll put some very profitable relationships long-term high-quality relationships on the balance sheet, and at the e of the -- this cycle, we're going to feel very, very good about how our customer business is structured and what that means for long returns. >> bryan, i've got to tell you, this group is going to get hot. i know it has to. and bryan's the chairman, president, and ceo of first horizon national. thank you so much, sir, for coming on the show. >> thank you, jim. thanks for having me. >> we still don't have the confidence. and that's really hurting a lot of the lending in this country. well, look, we get it, these stocks are going to rocket. let's put it that way. fhn, good stock, stay with cramer. >>> coming up -- sweet speck? cramer's got a sweet tooth tonight, and he's hungry for a scrumptious speck. chocolate sprinkles or covered in cream, could this confectionery delight stock make you salivate? stick around to find out.
and they're going to be reflective of a loan environment that's commensurate with a 2% to 3% growth economy. given that we think we'll get our fair share, we'll put some very profitable relationships long-term high-quality relationships on the balance sheet, and at the e of the -- this cycle, we're going to feel very, very good about how our customer business is structured and what that means for long returns. >> bryan, i've got to tell you, this group is going to get hot. i know it has...
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Jan 17, 2013
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is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five, ten years ago would have struck us as particularly robust. retail sales up half of a percent over the holiday for the month. good number. not an incredible number but a whole lot better than everyone saying oh, this is terrible. >> i think we have the inflation chart. let me put the cpi up. the cpi is falling if i'm not mistaken. for all the talk by the inflationistas of the federal reserve's monetary policy which i basically disagree take a look at that. inflation is one of our problems. quick question. one of the leaders of this market, banks. financia
is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five,...
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Jan 18, 2013
01/13
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Jan 18, 2013
01/13
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
01/13
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 15, 2013
01/13
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collapsed in 2008 and when the economy collapsed in 2008 revenues collapsed with it. >> every little bit helps, steve. >> but that is -- that is the reason why we have major defi t deficits right now. not because this bill is 50 when it should be 47 billion. nothing to do with it. >> i also love and not saying that you made this argument but other republicans have made the argument that, you know, when you're talking about raising taxes on the wealthy, oh, not very much. but when you're talking about cutting earmarks, suddenly, it's every little bit helps but i think this process overall needs reform and an interesting potential model is something that senators mark warner, john kerry and kay bailey hutchison suggested which is an infrastructure investment bank where the federal government seeds that bank with money and districts and states submit requests, basically these are the project that is we need loans for. and they invision it as a bank to deal with larger scale projects but i don't see why it couldn't work for smaller scale projects because it's been done through the earmar
collapsed in 2008 and when the economy collapsed in 2008 revenues collapsed with it. >> every little bit helps, steve. >> but that is -- that is the reason why we have major defi t deficits right now. not because this bill is 50 when it should be 47 billion. nothing to do with it. >> i also love and not saying that you made this argument but other republicans have made the argument that, you know, when you're talking about raising taxes on the wealthy, oh, not very much. but...
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Jan 14, 2013
01/13
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is this going to impact the broad economy in the earning season, do you think? >> i guess this whole political thing is these are all the bricks in the wall of worry that equity markets are continuing to climb. you know, we know how to talk about these things, they're out there, in the media a lot. we follow them sometimes like a sport. maybe we exaggerate a little bit how much these political match nations, i don't want to minimize them but i think sometimes we miss the point that there are really good companies out there who figured out how to make really good money with all of this political noise going on. >> and yet, greg, so many potholes ahead. you know we're going to see a lot of back and forth over raising the debt ceiling, sequestration is still on the horizon now. less than two months away. the continuing resolution. i want you to take a listen to the president's spokesperson this week on the debt ceiling and get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the
is this going to impact the broad economy in the earning season, do you think? >> i guess this whole political thing is these are all the bricks in the wall of worry that equity markets are continuing to climb. you know, we know how to talk about these things, they're out there, in the media a lot. we follow them sometimes like a sport. maybe we exaggerate a little bit how much these political match nations, i don't want to minimize them but i think sometimes we miss the point that there...
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Jan 17, 2013
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the economy is morrow less back on track. we think there would be more proactive fiscal policies to come action but most of those announcements will come likely in march. >> the new government has made several nods towards urbanization, so we've seen material stocks go higher. investors like to think of china in the growth sector. is that where you see some of the best opportunities at this point? >> we do see a lot of those sectors did run up after the urbanization push and all of the news media coverage around it. we see more details on the exact urbanization probably in march or april, but at this point i think there's numerous ways to go. the obvious interpretation is more infrastructure investment, but other than the, premier to be has been very focused on the social safety net issues as well, saying he needs to migrate more people into the urban areas. you need to provide better health care and better social housing, so don'tunder estimate what we might see. >> another long-term issue is basic manufacturing is starting
the economy is morrow less back on track. we think there would be more proactive fiscal policies to come action but most of those announcements will come likely in march. >> the new government has made several nods towards urbanization, so we've seen material stocks go higher. investors like to think of china in the growth sector. is that where you see some of the best opportunities at this point? >> we do see a lot of those sectors did run up after the urbanization push and all of...
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Jan 14, 2013
01/13
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FOXNEWSW
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in just 2012, almost $100,000 to the hatian economy by paying the people involved in this program so we helped make their lives better and showed them what it was like to be an entrepreneur. what it was like to take care of their family. what it was like to involve the community in this effort. and the end result was cleaning up haiti, a huge problem. >> greta: and on the same land mass is the dominican republic. a vastly different country y do you think the difference between the dominican republic on one side of the land mass and haiti on the other. they look very different. one is prosperous and one is truly a country in crisis. >> it's just the government, greta, no question. and haiti had a dictator, and you could go right on down the line of these corrupt political leaders that have been in the country that have taken advantage of the hatian people. now, for a little over a century. they need america's involvement, no question, we need to be there and help the hatian people. but i just wish that the united states government would get involved in even a bigger way and help them
in just 2012, almost $100,000 to the hatian economy by paying the people involved in this program so we helped make their lives better and showed them what it was like to be an entrepreneur. what it was like to take care of their family. what it was like to involve the community in this effort. and the end result was cleaning up haiti, a huge problem. >> greta: and on the same land mass is the dominican republic. a vastly different country y do you think the difference between the...
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Jan 19, 2013
01/13
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MSNBC
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we need jobs in this economy for middle class people and that's what will make this economy stronger and so if we cut then we're going against that very basic economic principle. when you constrict the budget and cut off the flow of money, you're not going have as many jobs available. so i am not -- i am not in favor of drastic cuts in spending at this time, but i do think long term we should be looking at reducing our debt and restoring fiscal sanity to our budget. >> a group of house democrats, yourself included you want to do away with the debt ceiling law altogether. this is congressman jerry neven, this is what he had to say about it. take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to in
we need jobs in this economy for middle class people and that's what will make this economy stronger and so if we cut then we're going against that very basic economic principle. when you constrict the budget and cut off the flow of money, you're not going have as many jobs available. so i am not -- i am not in favor of drastic cuts in spending at this time, but i do think long term we should be looking at reducing our debt and restoring fiscal sanity to our budget. >> a group of house...
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Jan 18, 2013
01/13
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it will kill the economy. we already have about the highest combined corporate tax rate investments on the planet. we need to lower that. we need to lower the taxes on capital. we need to bring in more high-skill immigrants. we're talking about raising taxes. it is a policy indulgence on your behalf to raise by 60% investment taxes in an economy that's bei that's barely growing. >> well, i'm all for high-skilled immigrants. let's get the doctors down to the european levels. we'd save $80 billion a year there. >> i want it there for the entrepreneurs, innovation. >> you're there. we're not helping entrepreneurs. but hurting. how about not drilling oil and gas shale in federal lands? there's a whole litany of this stuff. >> wall street crisis, that's why you have dodd-frank. >> this crisis, i don't have time to go through what we have done on dodd-frank is doing more harm than good. we'll leave it there. me, i want 4% to 5% growth. smaller government, fewer regulations and stop paying people not to work! those a
it will kill the economy. we already have about the highest combined corporate tax rate investments on the planet. we need to lower that. we need to lower the taxes on capital. we need to bring in more high-skill immigrants. we're talking about raising taxes. it is a policy indulgence on your behalf to raise by 60% investment taxes in an economy that's bei that's barely growing. >> well, i'm all for high-skilled immigrants. let's get the doctors down to the european levels. we'd save $80...
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Jan 18, 2013
01/13
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-- the slow economy and d.c. politics are making the public less confident and pessimistic about the future of the country so here's the breakdown of the numbers. the president remains strong politically. his job approval at 52%. a higher rating than he's had through most of his first term but while the public likes the president personally, a full 74% of respondents told us they like president obama, americans are split on the policy goals. 49% disapprove of his policies, 47% approve. the president gets the best marks for being easygoing and likable, having the ability to handle a crisis and understanding average people but low marks on changing business as usual in washington and working effectively with congress and sharing their position on the issues. now looking at the future, 43% optimistic about the next four years. 35% pessimistic and 22% feel mix. the survey has people to describe where america is headed in a short word or phrase. just a third used positive words like improving and right direction. near
-- the slow economy and d.c. politics are making the public less confident and pessimistic about the future of the country so here's the breakdown of the numbers. the president remains strong politically. his job approval at 52%. a higher rating than he's had through most of his first term but while the public likes the president personally, a full 74% of respondents told us they like president obama, americans are split on the policy goals. 49% disapprove of his policies, 47% approve. the...
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Jan 19, 2013
01/13
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CNN
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not only because it's the right thing to do for our economy, and ceos agree with me, not just because it's the right thing to do for our security, but because it's the right thing to do, period. and i believe that eventually, enough republicans in congress will come around to that view as well. >> all right. so you heard the president there. ana, i'll go to you first on this one. what should we expect on immigration? he got so much latino support, something like 70 or 71% of the vote. so what do you think we should expect? >> you know, i'm actually feeling slightly hopeful on immigration. and i haven't felt slightly hopeful for a while. i was just speaking to the gop retreat about immigration, about hispanics and minority outreach. and i felt a real sense of, most of them, i'm not going to say all of them, of really wanting to get something done and coming up with a constructive, bipartisan disagreement solution. i think john boehner is committed to do something. we see a lot of movement going on in the senate. this week we saw that senator marco rubio came out with a plan and is gett
not only because it's the right thing to do for our economy, and ceos agree with me, not just because it's the right thing to do for our security, but because it's the right thing to do, period. and i believe that eventually, enough republicans in congress will come around to that view as well. >> all right. so you heard the president there. ana, i'll go to you first on this one. what should we expect on immigration? he got so much latino support, something like 70 or 71% of the vote. so...
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Jan 18, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. >>> welcome back. a big change of heart on netflix. a top analyst who has been consistently bearish on netflix shares reversing course, now recommending buy it. meanwhile, another analyst looking at netflix this morning going the other way downgrading it to underweig
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and...
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Jan 15, 2013
01/13
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economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks with private companies in reports of a possible guyout. the journal says jpmorgan is involved in the negotiations. dell shares have been soaring near an eight-month high on first word of this news yesterday. you can see up about close to 2% to the premarket sales. 64 is the last dip. in other technology news, facebook is holing a press conference today. no word on what the big
economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below...
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Jan 17, 2013
01/13
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CNBC
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economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics, you look at the consumer confidence numbers which are beginning to roll a little bit, there is a danger that could take place and a lot will depend on the resolution. look at the vix and these low levels on this downward sloping trend line the pattern is very similar to april of 2011. i'm sure you all remember that the stock market held up a little bit longer and turned in may and then between may and august it dropped 22%. what was the biggest factor? the debt ceiling negotiations. >> tom the market really rolled over in the spring of 2011 because trichet
economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics,...
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Jan 17, 2013
01/13
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KNTV
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in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer beaters, you're going to like this. laura garcia-cannon will like it too. we'll show you how st. mary's dead it. >>> and rumors that tiger woods may be reconciling with his ex-wife. >>> a wide view of the south bay but i'll show you the east bay coming up. >>> rumors swirling that tiger woods is trying to get back with his ex-wife. a prenup deal is worth more than half of his $600 million fortune. >> unbelievable. >> reportedly elin will consider this proposal if it includes a $350 million anti-cheating clause. how about that? the couple divorced in 2010 after tiger revealed he was a serial cheater
in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer...
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Jan 16, 2013
01/13
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. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and economy. >> that's right, sue and tyler. we have boeing in crisis. we have housing on the mend and five-star stock picks. we've also got the very latest on a scary story in algeria where militants say they have taken 41 people hostage, include something americans, at a bp oil field. well get to that in a moment but let us get to breaking news for the fed and how they are performing and get to steve liesman. steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how f
. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and...
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Jan 17, 2013
01/13
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LINKTV
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some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after leaving western myanmar. they said they had no choice but to leave. >> the soldiers would take women and daughters and rape them and then turned them back the next day. we had no freedom. we could not go anywhere. we had to make our own future. >> myanmar is predominantly buddhist, and the muslim minority are largely seen as illegal immigrants from neighboring bangladesh. after fighting between bouterse and muslims last year, more than 100,000 left homeless. this was all happening at a sensitive time for thailand. it has been ranked as a tier 2 nation on the watch list for human trafficking. if it is ranked
some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after...
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Jan 15, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ >>> welcome back to "power lunch." just when you thought he wouldn't channel his inner steve jobs, he has. he's come back to the stage to say one more thing. facebook has a partnership with microsoft's bing. how interesting is that? we'll see what they're doing here. if nothing fits the querrey from the graph search, you can go to the web do a web search on bing, and that is microsoft's key their there. those shares are likely to beive between now and the next couple of hours. even in the afte
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes,...
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Jan 18, 2013
01/13
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CNBC
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economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all the brazil and indonesia which are still exciting stories. i feel good about where the world is heading. is it on a bull streak? no. but is it on a firmer footing? yes. as a long-term investor i care about firm footing. >> some day we will go through 15,000 on the dow, and then 16,000. and then 17,000. >> yeah. >> i mean i just wonder is that within the next couple of years? i mean it's about time. it's been -- we went from 800 to 14,000. and we haven't moved from 14,000 in like 10, 12 years. >> my father always says a journey of a thous
economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all...
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Jan 15, 2013
01/13
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debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it shou
debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix...
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Jan 16, 2013
01/13
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the economy will be picking up. housing likely to get in on it. >> maybe we're actually breaking -- maybe the valuations aren't -- >> based on what? >> come on, under wells fargo? >> michael dell, and suddenly, mr. skeptic -- >> overheated debt market, that's always a good sign for an economy. that's always a sign that things are getting a lot better. >> it's been getting overheated since 1979. >> big lbos. that worked out real well. no, i'm just -- there's housing, sales of pickups. sales of cars in europe for 2012, not so good. we'll talk about that. >> germany, the bmw sales, volkswagen sales. one of my cousins in mexico is near a bmw, new plant. the germans are down. they're buying like crazy. germany business, good. rest of the continent okay. ford cutting back very dramatically. >> boeing, more problems related to the dreamliner. japanese grounded their 787 for safety checks. the national transportation safety board, faa are going to japan to assess that incident. when the first problems arose last week, week
the economy will be picking up. housing likely to get in on it. >> maybe we're actually breaking -- maybe the valuations aren't -- >> based on what? >> come on, under wells fargo? >> michael dell, and suddenly, mr. skeptic -- >> overheated debt market, that's always a good sign for an economy. that's always a sign that things are getting a lot better. >> it's been getting overheated since 1979. >> big lbos. that worked out real well. no, i'm just --...
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Jan 17, 2013
01/13
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first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care coverage or pay $2,000 on to $3,000 penalty. businesses of all sizes are searching for ways to cope with the law, and the easiest way to avoid paying expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they are more likely to hire temp employees. you will have try to have fewer than 50 full-time em
first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being...
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Jan 18, 2013
01/13
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don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if i'm talking about a 4% dividend yielder that i can get in there and write options against it as well and take it to double digits on the return i like that. but i don't like buying apple. i don't like buying a lot of the stocks that don't have the yield, judge, that are attractive to me. instead, i trade the options. >> speaking of verizon i'm glad you mentioned it. next week is a bonanza earnings week. there are so many important companies reporting next week that that is going to decide where this market goes. don't you think? >> yes. the expectations in terms of what the potential growth for eps and the pote
don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if...